Beezaasan Explotech Limited IPO Details
SME
Beezaasan Explotech IPO opens for subscription on 21 Feb 2025 and closes on 25 Feb 2025. The IPO will be listed on BSE with the tentative listing date set for 03 Mar 2025.
Beezaasan Explotech IPO price band has been fixed at ₹165 – ₹175 per share.The face value is ₹10 per share with a lot size of 800.
Beezaasan Explotech IPO total issue size comprises 34,24,800 shares (aggregating up to ₹59.93 Cr). This includes a fresh issue of 34,24,800 shares (aggregating up to ₹59.93 Cr). Pre-issue shareholding stands at 94,96,333, which will increase to 1,29,21,133 post-issue.
Beezaasan Explotech IPO carries a ₹1 (0.6%) GMP, reflecting investor sentiment.
Beezaasan Explotech IPO Lot Size : Retain Minimum is 1 lot (800 shares) amounting to ₹140,000. Retain Maximum is 1 lot (800 shares) amounting to ₹140,000. SHNI Minimum is 2 lots (1,600 shares) amounting to ₹280,000.
The Lead Managers for Beezaasan Explotech IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Smart Horizon Capital Advisors Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Rikhav Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Beezaasan Explotech Limited RHP.
Beezaasan Explotech IPO Details
Beezaasan Explotech IPO Subscription
Beezaasan Explotech IPO Application Wise Breakup
Beezaasan Explotech IPO Dates
- 21 Feb 2025Opening dateOPD
- 25 Feb 2025Closing dateCOD
- 27 Feb 2025Allotment Date BOA
- 28 Feb 2025Initiation of RefundsIOR
- 28 Feb 2025Credit of SharesCOS
- 03 Mar 2025Listing dateLID
Beezaasan Explotech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 800 | ₹140,000 |
| Retain Maximum | 1 | 800 | ₹140,000 |
| SHNI Minimum | 2 | 1600 | ₹280,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Beezaasan Explotech IPO Reservation
Promoter Holding
Beezaasan Explotech IPO Valuations
Beezaasan Explotech Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 82.09 | 68.99 | 61.63 | 42.3 | ||||||||||||||||||||||||||||||||||||
| Revenue | 101.44 | 187.9 | 229.17 | 141.91 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 8.33 | 4.87 | 2.94 | 2.74 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 31.12 | 23.2 | 14.34 | 10.45 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 21.63 | 13.7 | 6.95 | 3.7 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 39.66 | 36.94 | 43.29 | 23.93 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
About Beezaasan Explotech IPO
Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies a comprehensive range of explosives and explosive accessories. It primarily produces cartridge explosives, including slurry, emulsion, and detonating explosives.
The company is primarily involved in the manufacturing of explosives and explosives accessories used in the cement, mining, and defence industries.
The company focuses on producing high-quality cartridge explosives, which include slurry explosives, emulsion explosives, and detonating explosives.
The company's manufacturing facility is situated in Gujrat. The company's explosive manufacturing units hold multiple quality certifications, including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety Management.
The company's product portfolio consists of chemical explosives.
As of 31 March 2024, the company has a PAN India presence, with the client base spanning 11 states and 2 Union territories for its domestic market.
As of September 30, 2024, the company employed 188 people at its Manufacturing Plant, corporate office, and Registered Office.
Competitive Strength
- One-Stop Solution for Explosives Product.
- Long Standing Relationship with key Customers & Supplier.
- Experienced Management team.
- Continuous focus on developing novel and innovative products.
Strength Of Beezaasan Explotech IPO
1. One Stop Solution for Explosives Product.
2. Long Standing Relationship with key Customers & Suppliers.
3. Experienced Management team.
4. Technical manpower.
5. Continuous focus on developing novel and innovative products
6. Quality products.
Risk Of Beezaasan Explotech IPO
1. Products manufactured by the company is operated in highly regulated sector. Any failures to obtain registrations for its products or the company inability to comply with the regulations or in case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may adversely affect the company business, results of operations, cash flows and financial condition.
2. Few of the raw materials used and products manufactured by the Company are hazardous in nature. If any accidents occur involving such hazardous raw materials and products, its may be held liable for consequent damages and litigation.
3. Its Registered Office and Corporate office are not owned by the company. In the event its lose such rights, the company Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
4. The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
5. The company depends on a certain supplier for its raw materials required for the company operations and the company does not have long-term agreements with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.
6. The company is highly dependent on certain key customers for a substantial portion of its revenues and the company does not have long term contracts with all of these customers. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.
7. The Restated Consolidated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.
8. Manufacturing and supply of commercial explosives are subject to strict quality requirements and any failure to comply with quality standards may lead to cancellation of existing and future orders.
9. The company also operate on a tender based business. There are several inherent risks associated with a tender-based business which could affect its profit margins thereby materially affecting the company business and results of operations.
10. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
Objectives Beezaasan Explotech IPO
- Funding the Capital expenditure towards civil construction required for the Expansion of the existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat;
- Funding of Capital expenditure towards the purchase of Plant and machinery for Expansion of existing manufacturing unit for the Emulsion Explosive-3 Plant, Emulsion Bulk Explosive Plant and Detonating Fuse Plant at the existing Manufacturing facility situated at Bhanthala, Mahisagar, Gujarat;
- Funding of capital expenditure towards civil construction is required for the expansion of an additional magazine (Storage) facility for the emulsion cartridge explosives and detonating fuse at the existing location situated at Felsani, Gujarat;
- Purchase of Commercial Vehicle;
- Repayment/prepayment of all or certain of the borrowings availed of by the Company
- General corporate purposes.
Company Contact Details
Beezaasan Explotech Limited
5th Floor, 511, Pramukh Tangent Complex
Pramukh Tangent Complex, Sargasan Cross Road
S.G. Highway, Gandhinagar, -382421
Phone: +91 6359607701
Email: investors@beezaasan.in
Website: http://www.beezaasan.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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